
We Bankers Association has shared a recipe to destroy a PSU Bank. In the recipe, the association has mentioned 7 steps to ruin a good bank. The post has gone viral on social media platform X and netizens are also expressing their opinions.
Step 1: Promote the Worst Officials
Elevate the most self-centered, greedy, corrupt, lazy, and hypocritical officials who lack practical banking knowledge and branch exposure. Assign them to controlling offices as bosses, surrounding them with sycophants, often union officials and partners in crime.
Step 2: Undermine Branch Operations
Reduce branch staff and officer strength, forcing more crowding in controlling offices under the guise of reporting, compliance, and follow-up.
Step 3: Invest in Inferior Technology
Purchase low-quality, outdated software and hardware, earning commissions from vendors. This causes significant disruptions for branch staff, customers, and overall business.
Step 4: Engage in Unproductive Work
Keep branch officials occupied with unproductive tasks such as attending endless video conferences, meetings, and compliance activities on numerous redundant portals. Require repetitive data reporting across various WhatsApp groups.
Step 5: Promote a Toxic Work Culture
Foster a toxic work environment by threatening and blackmailing employees over the phone to engage in unethical practices to meet unrealistic business targets. Rather than supporting branch officials with sufficient manpower and visionary leadership, focus on superficial business growth.
Step 6: Harass Hardworking Employees
Continuously harass diligent and honest employees who aren’t sycophants. Undermine their morale by imposing hardship transfers, favoring undeserving candidates, ignoring them, and withholding staff benefits and travel allowances.
Step 7: Destroy Work-Life Balance
Disrupt the work-life balance of branch officials by imposing regular end-of-day checks and frequently calling them in on holidays to manage loans, CASA, recovery campaigns, and other tasks.
One more important aspect is political interference and implementing bad,manipulated ,defective and faulty loan schemes and tweaking the rules to benefit the Scoundrels who loot the bank and public money and jeopardize the health of banks as well govt.